Issue link: http://read.dmtmag.com/i/328668
10 FIRST CLASS Well Adjusted New Peterbilt Model 384s are ready to go to work for CTI in Arizona. F ew industries have suffered the sting of the recession like construction. Many construction-dependent companies — and haulers in particular — haven't survived; others still aren't sure they will. But some, like CTI, Inc., headquartered in Ritillo, Ariz., were merely knocked off stride by the recession, then surveyed the new landscape, diversified, and found a way to keep moving forward. Certainly, revenues are down, as much as 50 percent com- pared to the boom years earlier this decade. But according to owner Gregg Gibbons and company president Shandy Copen- ing, the company is well-positioned to thrive in the present and the future, and is even adding new Peterbilt trucks to its fleet. "We diversified," says Copening. "We diversified because we had to. No one was building houses, and that was a dynamic we had to deal with. "But we reacted fast, and the decisions we made were appropriate." Specifically, CTI, turned some of its focus from the delivery of concrete for the construction industry — which at one point made up more than 60 percent of the company's business — to the mining industry, which now provides a nearly equal portion of the company's business. CTI shifts gears to weather the recession